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Great Lakes Institute of Management, Gurgaon, hosted its annual management conclave 'Sapience'. The day-long conclave, themed around — "Industry 4.0 : Managing downstream innovation" saw 18 industry leaders participate in the panels and discussing the downstream domains leveraging industry 4.0 tools, and techniques and strategies to discuss innovations that are taking place to integrate the areas of marketing, operations, finance and analytics in this new industrial era.

Dushyanth Sekhar, Senior Director for center of automation, robotics and extraction (CARE), S&P Global, said, "Data is the core for all decision-making and everything starts with data". He said, "Though data has been there since ages, but over the years, three major innovations have emerged - storage: which has become cheaper, processing power: which is cut above older versions, and data: which is not available easily as it largely remains in unstructured form."